Bitcoin and altcoins continue to fall sharply due to continued ETF outflows, a hawkish Federal Reserve, and a strong dollar.
The recent selloff that took Bitcoin to a low of $58,000 has reshaped prediction market Polymarket’s predictions for June.
At the moment, investors are especially expecting a decline in Bitcoin ($BTC), Ethereum, and $XRP.
According to Polymarket data: $BTC, $ETHand $XRP June was as follows.
1. Bitcoin ($BTC):
Showing the decline in the prediction entitled “What price will Bitcoin reach in June?” $BTC Price is the dominant forecast.
- The scenario below $57,500 is the most likely, with a probability of 49%.
- This is followed by a 37% chance that Bitcoin will exceed $62,500.
- This is followed by a 19% chance that Bitcoin will fall below $55,000.
- Finally, the chance of Bitcoin exceeding $65,000 only covers about 10% of the target.
2. Ethereum ($ETH):
Even in the prediction titled “What will the price of Ethereum be in June?”, bearish predictions for Ethereum stand out.
- The most likely scenario is below $1,500, priced in with a 66% probability.
- A decline below $1,400 is priced in 22% of the time.
- The probability that Ethereum will rise above $2,000 is said to be only 1%.
3.$XRP:
In the prediction entitled “What will the price of $XRP Will it be June? ” and a bearish forecast. $XRP is remarkable.
- The most likely scenario is a fall below $1, which is priced in 70% of the time.
- Second, a decline below $0.8 is priced in with a 2% probability.
- In contrast, a price move above $1.4 is priced in only 1% of the time.
*This is not investment advice.
